Final Exam Review Questions
NOTE: These questions are based on the notes Ive taken in class and what I believe he focused
on. He likes to pull random questions from the book to see if people are reading so I would look
at the chapters as well. From what I
Chapter 17: Public Policy
1. What are the four theories of public policy? Describe each. (pg 537)
a. Pluralist theory: Argues that political resources in the U.S. are scattered so
widely that no single group could ever gain monopoly control over any sub
What are the four tools of monetary policy?
Reserve Requirements : Government requirements that a portion of member banks' deposits be
retained as backing for their loans.
Open market operations: The buying and selling of government securities b